All news on the topic: Bank of England

1318
Moneysupermarket profits rise as customers switch car and home insurance
The group, which helps customers compare deals, reported an 8% rise in pre-tax profits to £92.1 million for 2023, with sales up 11% at £432.1 million
1394
Rishi’s promises to kickstart economy in tatters as UK plunges into recession
There are concerns there will be yet more savage cuts to decimated public services - the Office for National Statistics, on Thursday, said the economy shrank by a worse-than-feared 0.3% in the final three months of last year
1121
Bank rate setter warns UK faces bigger inflation threat than US and Europe
Megan Greene said that the UK had faced a "double whammy" in dealing with both a tight jobs market and a trade shock
763
Sunak says 'economy has turned the corner' as he meets with business leaders
The Prime Minister convened the first meeting of his 2024 Business Council in Downing Street on Wednesday morning
805
House prices fall £4k, but dip 'marginal' compared to £285k typical cost of home
The typical house price in December 2023 was £285,000, marking a 1.4% decline over 12 months, the Office for National Statistics (ONS) said
686
Housing stock value fell £27bn last year, but it's still worth £8.6tn - Savills
The total value of all homes across the UK stands at £8.678 trillion
1288
Inflation unchanged at 4% beating fears it would rise - what it means for you
CPI inflation is a measure of how the price of goods and services have changed over time - when it is higher, it means costs are rising faster compared to this time last year
1168
Rosey outlook unlikely on Valentine's Day as inflation set to rise again to 4.2%
Economists expect the figures will show that Consumer Prices Index inflation - a measure of the costs that households face - rose from 4.0% in December to 4.2% in January
1096
Bank of England chief says banks in 'sound health' but share prices a 'puzzle'
Andrew Bailey said the banking system had proved to be more resilient than in the past, but said there was a 'puzzle' over the share prices of major lenders
1085
Unemployment falls as wage growth beats forecasts in blow to rate cut hopes
The jobs market is showing resilience with the unemployment rate slipping down to 3.8%
662
Bellway sees 'encouraging' signs of buyers returning after interest rates cut
The housebuilder said it has seen a pick-up in reservations since the start of the year
630
Rishi Sunak insists debt is 'on schedule' to fall despite minister's confusion
The Prime Minister said "economic conditions are improving" when pressed on the Government's portrayal of the state of the public finances
1151
Senior Treasury minister appears to stumble over questions on the rising debt
Laura Trott said she had "different figures" when she was presented with the latest official projections from the fiscal watchdog, which suggest an increase over the next five years
867
It is prudent to assume energy prices could rise - Bank of England rate setter
A Bank of England rate setter says it's "prudent" to think that there might be a larger risk of energy prices rising than falling, which could keep inflation higher
1059
Firms putting job hires on hold as vacancies fall for fourth time in five months
Recruitment agencies reported a fall in placing candidates into permanent jobs, leading to an increase in staff availability
1250
Bank of England's Sarah Breeden 'less concerned' about interest rate rises
Economists believe that interest rates have likely peaked, and will start to fall at some point this year
970
Bank of England debt sell off to fight inflation is a 'leap in the dark' say MPs
The Bank of England has been selling off Government debt in a bid to reduce inflation for the last two years
643
UK inflation forecast to be highest in advanced economies in 2024 and 2025
The Organisation for Economic Co-operation and Development revised down its predictions for headline UK inflation to average 2.8% in 2024 and 2.4% in 2025, from the 2.9% and 2.5% respectively forecast in November
1442
'Escaped monkey fiasco doesn't compare to monkey business in Westminster'
This week Shadow Chancellor Rachel Reeves announced that Labour would not be reversing the Conservative's scrapping of the banker bonus cap if they got back into power
696
UK will 'miss out the AI goldrush' unless Government adopts positive vision
The UK's approach to artificial intelligence has become too narrowly focused on AI safety and the threats the technology could pose, rather than its benefits, meaning it could "miss out on the AI goldrush", a House of Lords Committee has warned
749
Interest rates - Bank of England holds rate at 5.25% and shares inflation update
The Bank of England has paused the base rate at its current level of 5.25% for the fourth time, giving millions of homeowners relief over rising mortgage payments - but borrowing costs remain at a 16-year high
1257
Interest rates paused at 5.25% - how it affects your mortgage and savings
The Bank of England has paused its base rate for the fourth time in a row at 5.25% - we explain what this means for your mortgage, savings and if you have credit card or loan
929
Number of businesses going bust at 30-year high due tough economic climate
The number of company insolvencies hit a 30-year high in 2023 as firms suffered amid high interest rates and cost pressures
872
7 cost of living and money changes in February including deadline to claim £40k
We round up all the key financial announcements and deadlines coming up in February, including the final cost of living payment, the latest interest rate decision and an update for energy bills
601
Signs of upturn in housing market as mortgage approvals hit six month high
The "effective" interest rate - the actual interest paid on newly-drawn mortgages - fell from 5.34% in November to 5.28% in December, the first drop since November 2021